Instructions: For the transactions below, indicate which accounts would increase and decrease in the accounting records of Able Advertising Inc. The first one has been done for you. Liabilities +Equity Assets Accou Presed Afet Common Can Pestle Revenue Pel Retained Cannot 8/1 You invested $17,000 in exchange for common stock to start Able Advertising Inc +$17,000 $17,000 8/4 Purchased 6 months of insurance for $1500 cash 8/7 Purchased $8,000 of computer equipment by paying $4,000 in cash and signing a one year note payable for the rest 8/10 Purchased $2,000 of advertising supplies for cash Assets P Alver Cast 8/13 Performed advertising services and charged the customer $7,000 on account (to be paid later) 6/17 Received a utility bill for $750 and decided to pay it later 8/20 A customer paid $5000 for advertising services to be performed in the future 8/23 Paid half of the accounts payable from 8/17 8/25 A customer paid $9,000 in cash for advertising services performed today 828 Received half the balance from the 8/13 customer in cash 831 Paid $2,000 in dividends, Totals a Carpent Liabilities " . +Equity Common Caning wwww -WAY Dowse -Cash Dividends